Clydesdale Bank £5 Million Funding to Support LAB21 Limited International Growth

7/9/2012 10:40:53 AM

CAMBRIDGE, England--(BUSINESS WIRE)--Clydesdale Bank has provided a new £5 million package for Lab21, the global specialist in personalised medicine and clinical diagnostics. The deal will see the Bank provide Cambridge-based Lab21 with initial funding of £5m to support the firm’s plans for growth, with the potential for further financial support for their rapid growth plans. The transaction was supported by Clydesdale Bank’s Growth Finance team, which delivers financial support specifically aimed at high-growth, venture capital-backed businesses with strong intellectual property.